Nasdaq near record high 🔼 Is a double top forming?

The decline in oil prices and the prospect of the Strait of Hormuz reopening have triggered a surge of optimism on Wall Street, further supported by SpaceX’s IPO and solid macroeconomic data from the US economy. The recent sell-off in AI-related stocks such as Oracle and Broadcom has largely been erased, as investors rushed back into the market, pushing the index above the 30,000-point mark once again. The key question now is whether the bulls have enough momentum to break through to new record highs.

From a technical analysis perspective, the uptrend remains firmly intact. However, the pace of the rally over the past few sessions raises some questions. Since 11 June, the index has gained nearly 2,200 points, a move that appears unusually strong by historical standards. At the same time, both the RSI and MACD indicators on the daily chart have been trending lower since May, creating a bearish divergence with price action.

While it is impossible to predict whether the US100 will surpass its early-June record, the index is currently only around 300 points away from that level, suggesting that market sentiment may be approaching euphoric territory. Ahead of the US market open, futures are trading slightly lower on an intraday basis.

Source: xStation5

18 August 2026, 7:25 AM

🏯Chart of the Day: The end of the idyll in Japan? JP225 loses over 2%.

17 August 2026, 6:56 PM

Daily Summary: The dollar in retreat, even as tensions in the Middle East escalate 🚨

17 August 2026, 5:08 PM

EURUSD reverses its technical trend 💡

17 August 2026, 2:30 PM

Cocoa gains 1% and tests the $6,000 area 🔼 How are funds positioned?

Indices

Cookie name	Description
SERVERID
userBranchSymbol	Expiration date 1 day
test_cookie	Expiration date 1 hour
adobe_unique_id	Expiration date 364 days
__hssc	Expiration date 1 hour
SESSID	Expiration date 1 day
__cf_bm	Expiration date 1 hour
intercom-id-iojaybix	Expiration date 270 days
intercom-session-iojaybix	Expiration date 6 days
xtbCookiesSettings	Expiration date 364 days
TS5b68a4e1027
countryIsoCode
xtbLanguageSettings	Expiration date 364 days
userPreviousBranchSymbol	Expiration date 364 days
intercom-device-id-iojaybix	Expiration date 270 days
__cfruid
_cfuvid

Cookie name	Description
_gid	Expiration date 1 day
_gat_UA-98728395-1	Expiration date 1 hour
_gat_UA-121192761-1	Expiration date 1 hour
_gcl_au	Expiration date 89 days
_ga_CBPL72L2EC	Expiration date 729 days
_ga	Expiration date 729 days
__hstc	Expiration date 179 days
__hssrc
_vwo_uuid_v2	Expiration date 365 days
_ga_TC79BEJ20L	Expiration date 729 days
_vwo_uuid	Expiration date 365 days
_vwo_ds	Expiration date 29 days
_vwo_sn	Expiration date 1 hour
_vis_opt_s	Expiration date 99 days
_vis_opt_test_cookie
af_id	Expiration date 394 days
afUserId	Expiration date 730 days
AF_SYNC	Expiration date 6 days
AnalyticsSyncHistory	Expiration date 29 days

Cookie name	Description
MUID	Expiration date 389 days
_omappvp	Expiration date 3998 days
_omappvs	Expiration date 1 hour
_uetsid	Expiration date 1 day
_uetvid	Expiration date 389 days
_fbp	Expiration date 89 days
fr	Expiration date 89 days
_ttp	Expiration date 89 days
_tt_enable_cookie	Expiration date 89 days
hubspotutk	Expiration date 179 days
IDE	Expiration date 389 days
YSC
VISITOR_INFO1_LIVE	Expiration date 179 days
li_sugr	Expiration date 89 days
guest_id_marketing	Expiration date 729 days
guest_id_ads	Expiration date 729 days
guest_id	Expiration date 729 days
muc_ads	Expiration date 729 days
VISITOR_PRIVACY_METADATA	Expiration date 179 days
MSPTC	Expiration date 389 days

Cookie name	Description
bcookie	Expiration date 364 days
lidc	Expiration date 1 day
UserMatchHistory	Expiration date 29 days
bscookie	Expiration date 364 days
li_gc	Expiration date 179 days
personalization_id	Expiration date 729 days